Ebullio Saga Continues As Investor Enforces Judgement

Moderator: moderators

rank: 1000+ posts
rank: 1000+ posts
Posts: 4444
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Ebullio Saga Continues As Investor Enforces Judgement

Postby kreslik.news » Sat May 28, 2016 7:31 am

A recent ruling against a commodities hedge fund by the UK’s Financial Ombudsman Service has been given the go-ahead for immediate enforcement by a London court.

In March, Ebullio Capital Management was ordered to compensate a fund investor £150,000, the maximum allowable, plus 8% interest. An enforcement of this decision could lead to liquidation of the fund, according to a source familiar with the ruling and court procedures.

In a separate court proceeding scheduled for June 8, 2016 in London, a former Ebullio partner alleges non-payment of a severance package.

A source familiar with the case said that Ebullio company filings showed partners ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”